Arrow Finl: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Arrow Financial (NASDAQ:AROW) reported Q4 earnings with an EPS of $0.46, missing the estimate of $0.47 by 2.13%. Revenue decreased by $4.65 million from the same period last year. In the previous quarter, AROW beat the EPS estimate which led to a 9.57% increase in share price the following day.
February 01, 2024 | 2:15 pm
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Arrow Financial reported a slight miss in Q4 earnings with an EPS of $0.46 against an estimate of $0.47 and a decrease in revenue compared to last year.
The miss in estimated earnings and the decrease in revenue year-over-year are likely to negatively impact investor sentiment in the short term. Historically, AROW's stock price increased following a positive earnings surprise last quarter, suggesting sensitivity to earnings reports.
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IMPORTANCE 90
RELEVANCE 100